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TVS Motor invests USD 3.85 mn in TagBox

PTI:  May 09, 2019

New Delhi: TVS Motor Company has invested USD 3.85 million (about Rs 26.69 crore) in TagBox, a machine learning platform company as part of its Series A funding round.

This round was entirely led by TVS Motor Company and its Singapore based subsidiary TVS Motor (Singapore) Pte Limited, the company said in a statement on Wednesday.

The current investment in Tagbox is part of the initial set of investments, being made in strategically relevant digital startups, it said.

TagBox plans to use the funds to strengthen product innovation and R&D, while expanding its global footprint, it added.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.